Hardworking Capital Advisors, LLC (Palm Desert)

Name: Hardworking Capital Advisors, LLC
Address: 34220 Gateway Drive Suite 120, Palm Desert, CA, 92211
Telephone: (760) 340-3277

Hardworking Capital Advisors, LLC is a large advisory firm based in Palm Desert. It manages $135.57 million of regulatory assets for 714 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arizona, California, Colorado, Oregon, and Texas.

Hardworking Capital Advisors provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Hardworking Capital Advisors: assets under management

The assets under management (AUM) of Hardworking Capital Advisors, LLC is $135.57 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 21% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $135.57 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $189.87 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 74% of the total AUM. The second-largest asset type is exchange traded securities, which make up 14% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hardworking Capital Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Vance Martin Boucher serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Vance Martin Boucher is high net worth individuals with 55 clients and $74.57 million of assets under management. Among the 9 most similar advisory firms, Hardworking Capital Advisors has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $135.57 million for 316 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Hardworking Capital Advisors doesn't advise any private funds.

Careers at Hardworking Capital Advisors, LLC

The company employs 6 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Vance Martin Boucher has been acting as President since 1 May 2015. Hwc Holdings Corp. joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Vance Martin Boucher	President/chief compliance officer	1 May 2015	50% - 75%	2406602
Hwc Holdings Corp.	Shareholder	1 May 2016	50% - 75%	81-1266576
Hwc Holdings Corp	Member	1 May 2016	50% - 75%	81-1266576

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Mathew Alex Mellier	Owner	1 May 2016	75% - 100%	2977040

Based in Palm Desert

The principal office where Hardworking Capital Advisors, LLC performs its advisory services is located at 34220 Gateway Drive Suite 120, Palm Desert, CA 92211, which is also the mailing address of the firm. An additional office of the firm is in Oxnard, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (760) 340-3277 or by fax (888) 246-7777. The normal business hours are 8:00am-4:00pm on Monday - Friday. You can find more information about the New York firm at hardworkingcapital.com/ and its LinkedIn profile.